21 Jul 2014
WORLDMAN DEVELOPMENT LTD v. THE PERSONAL REPRESENTATIVES OF CHAN CHAU LING, DECEASED
- Citation
- WORLDMAN DEVELOPMENT LTD v. THE PERSONAL REPRESENTATIVES OF CHAN CHAU LING, DECEASED
- Court
- Lands Tribunal
- Case number
- LDCS8000/2013
The Tribunal held the applicant was entitled to apply because the s.3(5) Notice reduced the threshold to 80% and the applicant owned on average 87.5% of the undivided shares in the connected lots; the Savills EUV assessments were accepted as fair and reasonable for the missing owner; expert building and structural evidence established redevelopment was justified; the applicant took reasonable steps to acquire the minority interest; the RDV evidence supported fixing the auction reserve at HK$105,000,000; accordingly an order for compulsory sale by public auction with appointed trustees and sol…